Would you choose Turn Key vs BRRR as an out of state investor?
I'm looking into the interest and views from out of state investors on purchasing turn key vs BRRR model. I have been providing turn-key properties since 2012. I also use the BRRR method to hold properties. I also own my own property management company. I would like to know what out of state investors currently prefer. Here are the two scenarios:
1. Turn-Key properties: Everything done done for you, properties completely rehabbed and tenanted before closing. Properties sold at or close to market value.
2. I help you find a property to purchase, use my crews to rehab it and then tenant the property for you. Which you can then refinance it. My fee would be built into the rehabs. Most of the properties you would end up with about 15-20% equity.